About this home
Prime turnkey investment or owner-occupant house-hacking opportunity in Newark! This solid, low-maintenance brick-and-siding two-family property features two self-contained, 1008 sq ft flat each, units (122 Cherry St Apt A and Apt B) with secure access into the building, followed by private interior entries into each individual residence on a generous, fully fenced lot. Both flats offer identical, versatile footprints featuring two spacious bedrooms, a full bathroom, a large living room, an eat-in kitchen with appliances, and dedicated in-unit laundry hookups. Key mechanical improvements include a new metal roof, new hot water tanks in both units, and separate meters with all utilities billed directly to owner/tenants. Outside, the expansive privacy-fenced yard provides rare amenities, including a raised upper-level wood deck, a large ground-level concrete patio, a cozy brick-lined fire pit, an above-ground pool with custom steps, a massive gravel driveway with abundant off-street parking, and a large detached outbuilding divided into two private storage spaces (one per tenant). With projected rents of $1,050 to $1,200 per month per unit, this duplex delivers outstanding cash-flow potential in an accessible location near Cherry Valley Road, local highways, parks, shopping, and dining. Initial showings are limited to vacant Unit B on lockbox; tenant-occupied Unit A will be available for viewing and inspections once in contract to respect tenant privacy. Schedule your private showing today to explore the opportunities at 122 Cherry Street! Attention Agents: Property is currently owner occupid with no tenants. Seller wll need 30 days possession post closing, or until their new home is complete ,which ever comes first. See ATA remarks and offer instructions doc attached.
Key facts
- Status
- Pending
- Type
- Duplex
- Days on market
- 4
- Property taxes
- about $1,558/yr
- County
- Licking
- MLS #
- 226039259
- Listing brokerage
- Howard HannaRealEstateServices
- Listing agent
- Donald E Shaffer
- Listing brokerage contact
- 614-402-0338
Lot and parking
- Lot size
- 0.12 acres
- Lot square feet
- 5,227
Systems and utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Utilities
- Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
- Sewer
- Public Sewer
- Water
- Public
Taxes and HOA
- Property taxes
- about $1,558 a year
- Tax year
- 2025
- Parcel number
- 054-281370-00.000
Schools
- District
- Newark CSD
Sale terms
- Financing accepted
- FHA, Conventional
Around it
ZIP 43055: 144 homes for sale · sold prices. Licking County: 497 homes for sale · county sold data. Town: everything for sale in Newark · Newark sold prices and days on market.
Is it priced right?
Curious how this home is listed relative to fair market value? Send a request and I'll run a report for you and send it to you. Asking prices are the seller's opinion. What the homes around it sold for is the market's.
Own a home nearby? Pick the second option and I'll value yours instead.
Similar multi-family for sale in Newark
Active $219,000
47 Penney Avenue, Newark, OH 43055
· built 1920
Coldwell Banker Realty
Active $215,000
646 Mount Vernon Road, Newark, OH 43055
· built 1955
Fathom Realty Ohio
Active $195,000
47 S 6th Street, Newark, OH 43055
· built 1900
Berkshire Hathaway HS Pro Rlty
Active $194,900
145 W Railroad Street, Newark, OH 43055
· built 1900
Keller Williams Greater Cols
Active $184,900 2% below original
189/191 Clinton Street, 2, Newark, OH 43055
· built 1890
Red 1 Realty
Everything for sale in Newark · what Newark homes actually sold for
Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:13 PM.